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Search Results 0 to 11 of about 12 (some duplicates have been removed)
FOX News
Dec 2, 2012 7:00am PST
republican leader mitch mcconnell as well to put medicare and social security on the table to try and the budget crisis we're talking about. mcconnell telling the "wall street journal" that those are the kind of things that would get republicans interested in new revenue. maybe bipartisan. john fund, a columnist for the "national review magazine." good morning. >> good morning. >> jamie: great to have you here this morning. >> thanks. >> jamie: we have less than a month left as we have been talking about went're now in december for the fiscal cliff. what truly is on the table where both democrats and republicans are concerned? do you see anything they agree on? >> we have four weeks to go and so far there is not very much. remember, president obama said in the campaign he favored a balanced approach to getting over the fiscal cliff. balanced normally means about 50/50. 50% spending restraint. 50% revenue enhancement. but the president's proposal is apparently something like 80% tax increases. 20% spending restraint. unspecified. unspecified means it won't ever happen. >> jamie: what d
FOX News
Dec 2, 2012 1:00pm PST
. so what part of this plan along with the $600 billion in saving including medicare that suggested in the $200 billion in additional spending, what part of this plan is a balanced or bipartisan approach? >> i bet john boehner things the grand bargain was good deal last year. the chicken question is john boehner having to blink. president was able to get $1.6 trillion because it's coming from the increase on wealthy americans. we don't want 98% of americans tax rates to go up in the name of saving tax rates for the wealthy. so that is going to increase on wealthy americans, 60% of americans overwhelmingly support. the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. w
FOX News
Dec 9, 2012 4:00pm EST
the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase. they could give the speaker a hard time if he tries to pass the kind of legislation corker was talking about there. >> and how are the democrats reacting to accept the higher tax rates? >> reporter: they are happy to see movement was made toward the president's position but speaker boehner has not embraced the it. it could be what they talked bebeat the white house but we don't know but still, democrats are optimistic. >> i think we'll get an agreement. the reason i think we'll get an agreement, what is standing in the way is revenues, particularly making that top rating up to 39.6, but i think we're seeing real progress in that regard. i think you will see our republican colleagues
FOX News
Dec 9, 2012 8:00am PST
on medicare and social security benefits that impact middle-class and working families. we start with the rich. that's what the voters wanted. they don't want -- middle-class families like mine, they don't want to see their taxes go up $2200 after january 1. they want to keep the tax deductions that they have and allow for people who can afford it to pay down some of this debt and deficit-- >>> trey -- [overlapping dialogue] >> eric: how do we pay this down? >> eric, what you are hearing is very unfortunate because you asked a specific question about cutting spending, democrats will not talk about it. she won't talk about it right now. -- >>> that's not my question. how do we stop the spending? >> how we stop the spenning is to over the dlif and have a dose of reality and feel the pain here. it's the only way it's going to happen. the american people should have zero confidence in the elected officials solving problems until there is real change. >> eric: that's the last word. we are facing it. speaking of zero confidence in elected officials, is that true? coming up, we will tal
FOX News
Dec 8, 2012 1:00pm PST
medicare and social security sacrifice, but the top one% or 2% don't. you have obama who wants us to go over this cliff and raise ks tays -- raise taxes on everyone and he can blame the republicans on what happened. i think that's the game plan, and i think it is outrageous he is doing this. >> thank you both for joining us. >> thank you. appreciate it. >> and for much more on the fiscal cliff on fox news sunday chris wallace has an exchew sigh sit down with charles schumer and bob corker. that's on fox news sunday. check your local listings for times. >>> ♪ gangnam style >> a global sensation, if you will now apologizing for his anti-american lyrics. his name is psy in case you didn't know. his style is called gangnam. it is a dance video and the most watched video ever on youtube with 900 million hits. but the south korean singer is saying he is sorry for his past comments criticizing the u.s. military. psy's apology coming days before he is scheduled to perform in front of president obama. >>> new developments in the tragedy involving the prank phone call targeting kate middl
FOX News
Dec 8, 2012 3:00pm PST
a lot of waste we saw in medicare. he has said that if we can protect ninety 8% -- 98% of americans and 97% of the businesses, if we can agree, all he wants to do is let taxes increase on billionaires and millionaires. that is all he has said. he has said he will then talk about entitlement. he will put -- we have to balance the budget. we need to do that for our children. we cannot do it without reduced -- reducing spending. and he has said he will do that. >> chip, we just heard from scott rasmusson and the polster spoke to colleagues and said democrats and the president are winning the pr war here. why aren't republicans doing a better job explaining what it will mean for our children and grandchildren if we continue every year to run up the federal debts? >> i saw that segment with scott. the problem is do you want to pay more in taxes or will the rich pay more in taxes? the other guys should pay more in taxes. the top 1% in this country pay 40% of the taxes. that's not fair. i wish the president would tell me what is fair? the top 10% pay 70% of the taxes. is that fair? do they
FOX News
Dec 9, 2012 7:00am PST
touch social security, don't cut medicare. this will come down to whoever blinks first on tax rates. republicans are going to bend on tax rates. maybe not $250,000 threshold, maybe closer to a million. but until that happens we won't see progress but obama will have to deal with problems on his left. he has to put entitlement reform, maybe raising the age of medicare down the road. >> when we look towards the beginning of the year and inauguration and seating of new congressional members, you'll have about 90 new folks that have been elected to get involved in this. is there a partial solution before that? and what changes do you expect given the fact we'll have new voices? >> i definitely think new voices -- they're going to be -- whatever deal is reached this year, and i think there will be a deal up until new year's eve, then you have members who are leaving voting. that could round up the votes because they're leaving congress and likely to vote yes. but this is only the beginning. major tax reform, major reforms to entitlement are probably next year's discussion. one of new mem
FOX News
Dec 2, 2012 9:00am PST
the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off the fiscal cliff. speaker boehner says he is doing everything he can to avoid the cliff but acknowledged that there is a chance we will in fact go over the edge. >> thank you. >> shannon: now if the country does go over the fiscal cliff marx worry there could be cutback to entitlement programs like social security and medicare and programs that the government uses to ke
FOX News
Dec 2, 2012 8:00am PST
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Search Results 0 to 11 of about 12 (some duplicates have been removed)